NMI Holdings Inc (NASDAQ:NMIH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

NMI Holdings Inc (NASDAQ:NMIH) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $43.00.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Finally, Barclays raised their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th.

NMI Trading Up 0.5%

NASDAQ NMIH opened at $37.31 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI has a 52 week low of $31.90 and a 52 week high of $43.20. The stock has a market capitalization of $2.84 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. The firm has a 50 day moving average of $39.05 and a two-hundred day moving average of $38.58.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analyst estimates of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period last year, the business earned $1.07 EPS. As a group, research analysts expect that NMI will post 4.62 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, Chairman Bradley M. Shuster sold 55,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total value of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares in the company, valued at $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This represents a 40.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 151,463 shares of company stock worth $5,946,050 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On NMI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP acquired a new stake in shares of NMI during the fourth quarter worth about $31,000. IFP Advisors Inc lifted its holdings in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 291 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.